TCL Electronics to invest Rs 2,000 cr on Tirupati unit

New Delhi: China-based TV and consumer electronics maker TCL Electronics would invest around Rs 2,000 crore in its proposed new manufacturing facility at Tirupati, Andhra Pradesh in the first phase, a top company official said Monday.

The company expects to start manufacturing from its first facility in India by October 2019. The unit will have a capacity to roll out 3 million TVs per year.

TCL expects that the AP unit would also help it to strengthen its presence in the highly competitive Indian TV market, as it expects to sell around one million units in 2019.